Lexington Apartments was sold in March of 2012 as part of a portfolio sale with Las Brisas Apartments. The sale resulted in a 23% IRR to the investors.
Lexington Apartments, a 72 unit apartment complex built in 1981 is nestled on a beautifully landscaped 3.6 acre site. Apartments range in size from 650 to 1,092 sq ft, and feature fireplaces or mirrored dry bars, private patios or balconies, large walk-in closets, tiled baths and fully equipped kitchens with spacious pantries.
Amenities include a swimming pool, lockable storage and park-like grounds.
Nearby neighborhood retail includes H.E.B. and Marshall’s anchored neighborhood retail centers, numerous restaurants, and other services. The IH-10 and Loop 1604 corridor offers upscale shopping.